Tag Archives: appraisers

Is the residential appraiser doomed? Over the past 35 years that I’ve been an appraiser, I’ve heard that residential appraisers are going to be replaced within the next 5 years. The combination of improved technology, the accumulation of “Big Data,” combined with changes proposed by the GSEs in the risk analysis associated with value, it seems significant changes are just …

Drones enhance an appraiser’s ability to inspect a property. Not only can an aerial drone show more of the property, it is also relatively inexpensive to use and can contribute to a safer working environment. Aerial drones provide easy access and viewing perspectives that are impossible to replicate from ground-based shots. Aerial inspections of a property using a drone have …

What is, and isn’t, an FRT, and why does it matter? Federally Related Transactions (FRTs) are a commonly misunderstood aspect of the appraisal regulatory system. According to A White Paper on the Federal Banking Agencies’ Arbitrary and Capricious Efforts to Exempt the Vast Majority of Federal Real Estate Related Financial Transactions from Title XI of FIRREA’s Appraisal Reform, published by …

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